Employment
Employment is making use of somebody or something. In the workspace, employment may refer to an agreement between two parties, one of which is called an employer and another is called an employee.
- From the employer's side, employment is the act of employing workers;
- From the employee's side, employment is the state of being employed.
Thus, employment can also be defined as a process and/or result of exchange of employer's money and/or other compensation and employee's work. In addition, employment may refer to some activity to which one devotes time. In economics, employment may also refer to the ratio of the employed to all who are willing to work.
